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Baryshevsky, Dmitry - EconWPA - 2003

, year-to-year change of earnings multiple P/E tends to anticorrelate with profits cycle. It shows sluggishness of market … trend. It is presence of phase of earnings accumulation. Such accumulation is possible only during periods of significant … outstripping of earnings growth over the market growth. Now there is no phase of earnings accumulation, because market returned to …

Persistent link: https://www.econbiz.de/10005413241

Racial Discrimination in the Brazilian Labour Market: Wage, Employment and Segregation Effects

Jean-Louis, Arcand; d'Hombres, Béatrice - EconWPA - 2005

The social science literature has done much to document pervasive racial discrimination in Brazil and there is little doubt that a very dark color is a handicap to social advancement. Nevertheless, very few empirical economic studies have attempted to quantify the impact of ethnic discrimination...

Persistent link: https://www.econbiz.de/10005556747

Does firm size really affect earnings?

Söderbom, Måns; Teal, Francis; Wambugu, Anthony - EconWPA - 2004

firm size and earnings. To establish that such a question is of interest we need to show that the firm size-wage effect …

Persistent link: https://www.econbiz.de/10005118838

Sheepskin Effects in the Returns to Education by Ethnic Group: Evidence from Northeastern Brazil

Arcand, Jean-Louis; d'Hombres, Béatrice - EconWPA - 2005

The purpose of this paper is to examine inter-ethnic differences in the returns to education for the three main ethnic groups in the Metropolitan Region of Salvador (MRS), Bahia state, in Northeastern Brazil. Our results suggest that sheepskin effects take the traditional form of an additional...

Persistent link: https://www.econbiz.de/10005125740

DO LOWER EXPECTED WAGE BENEFITS EXPLAIN ETHNIC GAPS IN JOB- RELATED TRAINING? EVIDENCE FROM NEW ZEALAND

Gibson, John - EconWPA - 2003

Many studies show that individuals from ethnic minority groups receive low levels of job-related training, raising the question of whether lower expected wage benefits contribute to this lack of training. In this paper, unit record data are used to examine the effect of job- related training on...

Persistent link: https://www.econbiz.de/10005125810

Where Did the Trade Liberalization Drive Latin American Economy: A Cross Section Analysis

Rajagopal - EconWPA - 2005

The institutional reforms towards trade liberalizations in Latin America during the 1980s and the 1990s have introduced a good measure of import competition, but trade policies alone are not sufficient to create a competitive environment in an economy. The countries in Latin America have not had...

Persistent link: https://www.econbiz.de/10005407890

Latin American Trade Elasticities

Jr, Thomas M Fullerton; Sawyer, W Charles; Sprinkle, … - EconWPA - 2004

A survey of trade elasticities published for Latin American economies is conducted. Articles surveyed were published between 1975 and 1997. They include data from the mid-1950s through the mid-1990s. Imports are found to be highly income elastic as well as very price inelastic. Relatively fewer...

Persistent link: https://www.econbiz.de/10005408032

Who supports Free Trade in Latin America?

Beauliue, Eugene; Yatawara, Ravi; Wang, Wei Guo - EconWPA - 2005

This paper examines individual trade policy preferences across the 17 countries in Latin America. The focus is on whether skilled or unskilled workers are more likely to support liberalized trade and on whether country characteristics, such as factor endowments, alter the preferences of skilled...

Persistent link: https://www.econbiz.de/10005408042

THE ROLE OF GLOBAL RISK AVERSION IN EXPLAINING LATIN AMERICAN SOVEREIGN SPREADS

HERRERO, ALICIA GARCIA; ORTIZ, ALVARO - EconWPA - 2004

This paper explores the role of global risk aversion (GRA) and its main determinants, US economic growth and the US government bond yield, in explaining developments in Latin American sovereign spreads. We find that GRA is significant and positively related to Latin American sovereign spreads...

Persistent link: https://www.econbiz.de/10005408195

The Two Faces of Knowledge Diffusion: the Chilean Case

Morone, Piergiuseppe - EconWPA - 2002

This paper analyses the dynamics of return to knowledge where knowledge is acquired through the combination of interactive and individual learning. We suggest that in light of this new definition of knowledge, choosing the optimal level of education is no longer an individual exercise of present...

Persistent link: https://www.econbiz.de/10005408325